Form 990

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Nearly all organizations exempt from federal income tax who are required to file the annual Form 990 tax return have now done so using the 208 version promulgated by the Internal Revenue Service in 2008. The form and its instructions run over 300 pages. Much has been learned about the financial and governance requirements of the form. This presentation brings attendees up-to-date on the newest and latest experience and expertise in dealing with the new Form 990.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103976
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Form 990 in 2010: What We've Learned (Practical Guidance) LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Jerald A. Jacobs, Partner,
Pillsbury Winthrop Shaw Pittman LLP

- Most organizations have now experienced their first year using of the new 2008-version of the
  federal Form 990 tax return for exempt organizations; this session is an update and
  summary of what has been learned.
- One focus will be on the dozen or more governance questions in the new Form 990 on how the
  governing board operates and maintains objectivity, what governance policies are in place, review of
  the draft Form 990 and public disclosure, etc.
- Solutions will be offered for difficult or complex goverance issues that arise from the new Form 990.

SEGMENT 2:


Frank D. Giardini , Managing Director- ETAS,
WTAS LLC

- Importance of planning, process and approach in the preparation of the new Form 990
- Engaging other departments and functions within the organization to assist in complying
  of the data, such as legal, development and others

SEGMENT 3:


Deborah Kosnett, CPA, Tax Principal,
Tate & Tryon Certified Public Accountants

- Inconsistent interpretation of who is a key employee
- Reporting of compensation from related organizations is still murky
- Disclosure of uncertain tax positions is an area of concern
- Confusion remains with respect to reporting related party transactions
- Observations on providing Form 990 to the board

SEGMENT 4:


Daniel Romano, CPA, Partner-in-Charge, National Not-for-Profit Tax Practice,
Grant Thornton LLP Tax Practice

- Discuss the attention tax-exempt organizations are receiving on their operations, board governance
  and compensation structures.
- The importance of presenting the most accurate portrait of the organization to the public.
- How to tackle the board governance section of the Form 990, which requires the disclosure of board
  member relationships, board independence, board voting procedures etc.
- Discuss the need for narrative responses to the 990 in such a manner as to clearly, accurately and
  appropriately represent the organization’s intended compensation structures.



Pillsbury Winthrop Shaw Pittman LLP
Jerald A. Jacobs
Partner
speaker bio »»

WTAS LLC
Frank D. Giardini
Managing Director- ETAS
speaker bio »»

Tate & Tryon Certified Public Accountants
Deborah Kosnett, CPA
Tax Principal
speaker bio »»

Grant Thornton LLP Tax Practice
Daniel Romano, CPA
Partner-in-Charge, National Not-for-Profit Tax Practice
speaker bio »»

Who Should Attend?

- Accountants and Attorneys for tax-exempt organizations

Why Attend?

This is a must attend event for anyone interested in understanding the new Form 990.
    - New guidance explained by the most qualified key leaders & experts
    - Hear directly from key regulators & thought leaders
    - Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


Form 990 in 2010: What We've Learned (Practical Guidance) LIVE Webcast
Speaker Firms:








 

The Knowledge Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.